Canada Life has announced that it’s lowering the interest rate and increasing the maximum loan-to-value (LTV) for its buy-to-let and second home products. The annualised interest rates for Canada Life’s buy-to-let Lifestyle and buy-to-let Voluntary Select products have reduced from 6.16% and 6.36% to 5.78% and 5.98%. Additionally customers can also now benefit from [...]
Over fifties insurance has become more popular in recent years as funeral costs are continuing to rise1 and people don’t want their families to have to take on the financial burden. They may also be thinking about taking care of any outstanding bills or debts. Your clients can leave a small legacy for their loved ones [...]
Chorley Building Society understands that lifestyles have changed long with the financial needs of borrowers. The Society recognises that the older borrower market continues to grow year on year, and in order to meet the demand of this ever increasing market the Society recently launched a range of Later Life Lending mortgages. The Later [...]
With the growing popularity of Equity Release and the constant market changes, more and more advisers see lifetime mortgages as part of a holistic financial planning process to help their clients in later life. In this evolving and exciting market, the number of product choices and options for clients continues to increase and equity [...]
Tom and Anna are 75 and 71 respectively and live in Leeds. They currently have an interest only mortgage and the term is about to expire. They’re not keen on downsizing or moving out of their area. Tom is still employed full time as a chef at a local restaurant while Anna is in [...]
Welcome to this month's lending into retirement Update. Please take the time to read through the update as there may be some information that is important to you. Included in this month's update: Canada Life enhance later life lending products; Chorley are working with the network to support older borrowers; LV= want to give [...]
We’ve introduced a 10 year fixed rate option for our Retirement Interest Only Mortgage (RIO). We were the first to bring a RIO to market in June 2018 and we keep listening to our customers, with longer term RIO fixes in particular being a popular request, so from tomorrow we’ll be offering the following [...]
Family Building Society are experts on later life lending and won’t turn away older clients just because of their age. We pride ourselves on being different and have been helping older clients for years. Find out more here
© Copyright The Right Mortgage | All rights reserved. | The content of this website is intended solely for the use of financial advisers. | How to make complaint? | Our Policies
The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498.
